A number of other analysts have also issued reports on the company. Zacks Investment Research lowered ShotSpotter from a buy rating to a hold rating in a research report on Wednesday, October 11th. Imperial Capital began coverage on ShotSpotter in a research report on Thursday, July 27th. They issued an outperform rating and a $16.00 target price on the stock.
ShotSpotter (NASDAQ SSTI) traded up $0.72 during mid-day trading on Wednesday, hitting $19.65. 86,584 shares of the stock traded hands, compared to its average volume of 97,106. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 1.85. ShotSpotter has a 1 year low of $9.33 and a 1 year high of $19.93.
ShotSpotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $5.66 million. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.96) EPS. analysts forecast that ShotSpotter will post -0.6 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of ShotSpotter in the second quarter worth $9,539,000. Prudential PLC acquired a new position in shares of ShotSpotter in the second quarter worth $3,837,000. Russell Investments Group Ltd. grew its stake in shares of ShotSpotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock worth $2,776,000 after acquiring an additional 4,931 shares in the last quarter. Castleark Management LLC acquired a new position in shares of ShotSpotter in the second quarter worth $2,110,000. Finally, Manatuck Hill Partners LLC acquired a new position in shares of ShotSpotter in the second quarter worth $1,663,000. Institutional investors and hedge funds own 21.89% of the company’s stock.
ShotSpotter Company Profile
ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.
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